Tag Archives: company news

Kinder Morgan Profits Rise Behind Gulf Coast Express Pipeline

(Reuters) — U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from the Permian Basin through its Gulf Coast Express pipeline. The pipeline, which can transport 2 billion cubic feet per day (bcfd), came into service in September when drillers were burning off natural gas at record rates due to lack of transportation capacity from the shale-rich Permian Basin. Earnings from natural gas transport volumes rose 14% and from NGL transport volumes jumped 23% from a year earlier. The pipeline operator generated $1.35 billion, […]

INGAA President Don Santa Announces Retirement

After nearly two decades leading the Interstate Natural Gas Association of America (INGAA), Don Santa announced today that he will retire from the organization effective Feb. 15. “Don’s experience in both the public and private sector served INGAA well for nearly two decades. Under his leadership, INGAA played a critical role in advancing the priorities of our industry and the board is committed to building on all of the success that Don helped us achieve,” said Stanley Chapman III, INGAA Chairman and EVP and President, US Natural Gas Pipelines for TC Energy. “We thank Don […]

TC Energy to Resume Work on Keystone XL Pipeline in February

WINNIPEG, Manitoba (Reuters) — Canadian pipeline company TC Energy Corp said it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of what it expects to be a busy work schedule for the long-delayed project. TC said in a filing with U.S. District Court in Montana that in February it would start mobilizing heavy construction equipment in Montana, South Dakota and Nebraska, and aim to begin building a 1.2-mile (1.93 km) segment spanning the U.S.-Canada border in April. Work on the border-crossing segment is subject to receiving federal approvals, […]

Ironwood Midstream II Completes Acquisition of Twin Eagle Systems

(P&GJ) — Ironwood Midstream Energy Partners II said it has closed on its  acquisition of West Texas gathering pipelines from a subsidiary of Twin Eagle Holdings and named a Twin Eagle executive to its management team and board of directors. Ironwood Midstream Energy Partners announced last month that its newly formed Ironwood II would acquire Twin Eagle’s Gardendale and Asherton gathering systems, which together include 137 miles of active crude oil gathering pipeline with connections to multiple long-haul pipelines, allowing access to the U.S. Gulf Coast, Three Rivers and Houston markets. Interconnects include Plains All American Pipeline, Harvest Pipeline […]

Enterprise, Enbridge to Develop Gulf of Mexico Crude Export Terminal

HOUSTON (Reuters) – Enterprise Products Partners and Enbridge agreed to jointly develop a U.S. Gulf Coast crude export terminal that would load supertankers off Freeport, Texas, Enbridge said. The pipeline operators plan to finalize a deal that would provide Enbridge an option to purchase ownership interest in Enterprise’s Sea Port Oil Terminal (SPOT), subject to SPOT receiving a deep-water port license, Enbridge said. Enterprise and Enbridge were previously rivals in a field of at least nine competing to build deepwater export projects to load U.S. shale oil onto very large crude carriers (VLCCs) that carry around 2 million barrels apiece. The companies […]

National Grid Lifts NY Service Moratorium

(PLN) – National Grid has reached an agreement with the state of New York to immediately resume connecting natural gas service to customers in Brooklyn, Queens and on Long Island for approximately the next two years as the company pursues other long-term solutions to the shortage of natural gas in the region. National Grid announced a moratorium in May claiming that without the construction of Williams Energy’s $1 billion Constitution natural gas pipeline, which New York Gov. Andrew Cuomo had recently blocked, the company would not have the necessary supply needed to facilitate the long-term […]

Pioneer Natural CEO Calls Out Permian Basin Gas Flaring

HOUSTON (Reuters) – The chief executive of Pioneer Natural Resources, Scott Sheffield, called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks. Companies are targeting oil in the fast-growing Permian Basin field, but pipeline construction has lagged, leaving natural gas as a byproduct to be burned or vented. Producers should get flaring and venting rates to 2% or less and not drill wells before pipelines are complete, Sheffield said during a call with analysts a day after releasing quarterly results. “We do not connect any new […]

Columbia Gas Names New President

 Columbia Gas of Kentucky named Kimra H. Cole as its president and chief operating officer, replacing the retiring Herbert A. Miller Jr. Cole has served in various leadership roles in marketing, engineering and operations during her 22 years with Columbia Gas of Kentucky and NiSource. She also served as director of Engineering for the Kentucky Public Service Commission and as commissioner of General Services for the Lexington-Fayette Urban County Government. 

Storm Disrupts US Energy Operations from Pipelines to Terminals

HOUSTON (Reuters) – Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery to cut production and a key oil pipeline, terminals and a ship channel in Texas were shut, according to sources familiar with operations. TC Energy Corp’s 750,000-bpd Marketlink oil pipeline from Cushing, Okla., to Nederland, Texas, was shut as flooding disrupted operations at Gulf terminals, traders familiar with the matter said. Energy Transfer LP’s Nederland terminal, located between Beaumont and Port Arthur, was shut due to heavy rains, five market sources said. Phillips 66 […]

INGAA Responds to Proposed Methane Rule

(P&GJ) — The Interstate Natural Gas Association of America (INGAA) responded to the EPA’s proposed methane rule by citing its members’ strong commitment and “history of minimizing methane emissions from their operations.” INGAA President and CEO Don Santa spoke on behalf of the group via a statement issued in response to proposed “New Source Performance Standards” for the oil and natural gas industry. “In 2018, INGAA’s board of directors took the further step of adopting voluntary commitments that prioritize continuously improving existing practices to minimize methane emissions from interstate natural gas transmission and storage operations,” Santa said.  […]

1 2 3 44